David Haggith
Market Commentator & Financial Writer
David Haggith started writing about the economy after he predicted The Great Recession half a year before it hit and was puzzled as to why no economists or stocks analysts saw it coming. In the months after the crisis broke out, he started to write humorous editorials in a series titled “Downtime,“ which chided the U.S. government and bankers who should have seen the economic collapse coming but whose cronyism, greed and ineptitude caused them to run the world into a ditch. Those articles were published in The Hudson Valley Business Journal, The Valley City Times-Record (North Dakota), and The Daily Herald in Tennessee. Haggith is dedicated to regularly criticizing the daily news — not just the content but the uncritical, unthinking nature of almost all of the reporting. He now writes his own blog, The Great Recession Blog, to break down the news as an equal-opportunity critic toward both Republicans and Democrats / Conservatives and Liberals … since neither kind of politician has done anything worthwhile to plot a better economic course. His articles are regularly carried by several economic websites.
David Haggith Articles
It all goes down in the same heap of rubble — zombie corporations and the junk bonds that are their sole life support and, piled on top, some of the banksters that funded them. Like a zombie apocalypse, it spreads around the world, taking...
Doug Nolan, author of Credit Bubble Bulletin, makes the following observation about how it is the investments and nations that exist on the periphery to the main economic streams that have the most risk and see the first de-risking when...
As reported in my new Daily Doom news section, which I try to update twice daily, real GDP fell even further for a second quarter in a row. While we all know what that means, you can count on the Federal Reserve, the federal government and...
With the S&P diving deeper into bear territory today, it solidly confirmed its status as a bear. While it entered the bear’s woods on Monday by closing at 21.8% down, it shoved its nose deeper into the dirt today like a rooting bear...
Well that didn’t take long. When GDP on Thursday morning revealed we are, in fact, crashing into recession, and the market flew like a released bird into the heavens, I noted in my last article that the market’s lunacy was just what I...
This past week was a stormy ride through the badlands of hell for bonds. Government bond prices took their worst cliff-fall since the Marshall Plan. The panic run of bonds over the edge was sparked by the fantasy belief that Russia might...
In 2015, I wrote about The Great Recession 2.0 that was coming upon us. I called it “The Epocalypse” to signify an economic apocalypse that would be epic in scale and that would begin a new epoch on earth — a turbulent time of global...
For almost two years (starting in 2020 before you could see any consumer inflation at all), I have faithfully and consistently traced our trajectory toward scorching inflation that would cause a market disaster. Prior to that, inflationary...
After hitting the highest official inflation rate in 40 years, bonds did exactly what I warned of in my last Patron Post where I said, The collapse of the Everything Bubble will be an economic supernova. Think Lehman Bros. and Bear Stearns...
Well, let’s just say the next recession is smoking right outside your window. You’re lying in your bed at night. You can’t see the intruder, and you don’t think he’s in the house yet, but you know he’s there because you can smell his...
